Any circulating money which has little real value relative to its monetary value is called:
a. credit money
b. representative full-bodied money
c. full-bodied money
d. all of the above
Ans: a. credit money
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Which of the following is a risk that firms must consider prior to expanding abroad?
A) The domestic consumers may prefer low-priced products. B) The market in the foreign country may be too similar to the domestic market. C) Consumers in the foreign country may be very particular about quality. D) The foreign country may have very low pollution control standards. E) Management may not understand the foreign country's business culture.
In Vin del Mar, Chile, there are a dozen stores specializing in selling the same quality of seafood products on one street
An individual store dare not charge more than the going price without the risk of losing business to the other stores that are selling the fish at a common price. This is an example of what type of market? A) perfect competition B) monopolistic competition C) oligopolistic competition D) a monopoly E) an oligopoly